What happens if I need to do a short sale?

The Pre-foreclosure Sale Program allows homeowners in default to sell their home and use the proceeds to satisfy mortgage debt, even if the proceeds are less than the amount owed. Your ability to participate in this program varies based on your property condition, title and your financial situation. Your eligibility also varies based on the type of loan that you have. If you are interested in abandoning or disposing of your home, the short sale program is the first option we will consider to assist you.

Posted in: Frequently Asked Questions